Year: 2026

Suez Canal Bank launched its inaugural Privé Day at the Rehab branch, underscoring its strategic focus on enhancing customer engagement and elevating the premium banking experience. Organized by the retail banking and branches departments, the event introduced clients to the expanded benefits of the Privé segment, including personalized relationship management,…

The National Investment Bank (NIB) has denied reports recently published by an online news outlet claiming that it intends to divest its stakes in Bank NXT and the Export Development Bank of Egypt (EBank), stressing that the reports are entirely false and have no basis in fact. Ashraf Negm, Managing…

Minister of Investment and Foreign Trade Mohamed Farid said that reducing customs clearance times is a top priority in efforts to improve Egypt’s business environment and strengthen the competitiveness of the economy. The minister made his remarks during an inspection visit to Dekheila Port in Alexandria on the second day…

Minister of Planning and Economic Development Ahmed Rostom said that the Egyptian economy recorded a growth rate of five percent during the third quarter of fiscal year 2025/2026, compared with 4.8 percent in the corresponding quarter of the previous fiscal year, exceeding expectations that growth could slow to 4.6 percent…

Emerging markets are looking for a fairer financing environment that stimulates investment and economic growth, Egypt’s finance minister said, calling for unified international efforts to build a financial architecture that is more supportive of developing economies. Speaking at the Paris Forum, Finance Minister Ahmed Kouchouk stated that expanding innovative financing…

Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite the regional fallout from the…

mproving Egypt’s ranking in global mining investment indices is a strategic priority to boost investor confidence and attract international funding, the petroleum and mineral resources minister said. Minister Karim Badawi made the remarks during the first executive committee meeting for the Egypt Mining Forum (EMF) 2026, held with representatives of…

Egypt is working to consolidate African efforts to champion continental priorities at global financial forums and enhance cooperation with international development partners, its finance minister said. Finance Minister Ahmed Kouchouk made the remarks during a meeting with Moussa Faki, former chairperson of the African Union Commission and special envoy for…

Egypt has signed new financing and grant agreements with the French Development Agency (AFD) and the European Union, including €300m ($348m) in support of the country’s universal health insurance system and primary healthcare services. The agreements were signed during a ceremony hosted by Egypt’s Ministry of Foreign Affairs and attended…